Mumbai, May 25 (IANS) Union Finance Minister Nirmala Sitharaman on Monday said that standard products cannot serve non-standard businesses as the minister urged the Small Industries Development Bank of India (SIDBI) to redesign lending models according to the unique business cycles of MSMEs and startups.Addressing an event here, the Finance Minister said SIDBI’s role must expand beyond that of a lender to becoming a market maker and risk-sharing partner for India’s MSME ecosystem.“SIDBI’s …
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New Delhi, May 6 (IANS) India’s manufacturing sector reported sustained growth and rising optimism in Q4 FY26 even as input costs climbed, a report said on Wednesday. The report from FICCI said that its Manufacturing Survey found 93 per cent of respondents saying production was higher or flat, compared to 91 per cent in the previous quarter.This optimism was also evident in domestic demand, as 89 per cent of respondents anticipated higher or same orders in Q4 FY 2026 compared to the previous q…
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
New Delhi, May 1 (IANS) Vishvajit Sahay, a 1990 batch officer of the Indian Defence Accounts Service (IDAS), assumed the charge as Secretary (Defence Finance) in the Ministry of Defence, an official statement said on Friday.Prior to this appointment, he served as the Controller General of Defence Accounts (CGDA).An alumnus of St. Stephen’s College, University of Delhi and a law graduate, Sahay brings over three decades of extensive experience in Defence Finance and Public Administration. Accor…
Mumbai, April 29 (IANS) Force Motors on Wednesday reported a sharp 40 per cent decline in profitability for the March quarter (Q4 FY26).The company’s net profit fell to Rs 278.5 crore, compared to Rs 434.7 crore in the same period previous financial year (Q4 FY25), according to its stock exchange filing.Despite the drop in bottom line, the automaker maintained steady growth in its topline.Revenue for the quarter rose 8.2 per cent to Rs 2,550 crore from Rs 2,356 crore a year ago, supported by c…
New Delhi, April 27 (IANS) New Zealand’s Minister for Trade and Investment, Todd McClay, said that the FTA signed with India on Monday will be put before his country’s Parliament as early as tomorrow to fast-track the process so that it can come into force within this year.”We will start very, very quickly. We hope to have it enter into force before the end of the year, and then it will be fully implemented over about a seven-year period. Over the next few months, we will all be working very…
New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
Seoul, April 17 (IANS) South Korea and the European Union (EU) agreed on Friday to form a strategic economic partnership to expand bilateral ties in trade and economic security amid heightened global uncertainties, Seoul’s trade ministry said.The agreement was made during the inaugural Korea-EU next-generation strategic dialogue held in Seoul to help the two sides explore deeper cooperation in trade, supply chains and technology, according to the Ministry of Trade, Industry and Resources, report…
New Delhi, April 16 (IANS) India’s role in Nepal’s progress will become increasingly crucial as the Himalayan nation prepares to graduate from least developed country (LDC) status in November 2026, a new report has said.Completion of connectivity projects and the full realisation of the Agreement for Long Term Power Trade will reduce Nepal’s trade deficit with India, the report from East Asia Forum said.While Nepal aims to strengthen manufacturing capacity and boost exports to ensure a “smoo…